Re: Connacher On "theenergynews.com"
in response to
by
posted on
Apr 05, 2008 02:10PM
Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta
RG recently stated that they're closing in on the production levels necessary to be classfied as a mid capacity producer. I suspect that CLL will list on one of the NY exchanges after pod2 approval and the production status changes.
That's also my opinion.Why should DG spent money for a US listing in New York right now when he needed the money for his projects only to probably improve the sp.
Not a good idea to me.Once POD 2 is running and maybe the upgrade is done for MRC then with more cashflow available a listing on N.Y. would be justified.
Better to have some more patience right now for us then spending the needed money om something that could improve the sp.